New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-06-19
The CHICAGO WHEAT MARKET STEADY.
LAWYERS HAVE THEIR TURN-wILTsHIRE's CHECKS
THROWN OUT BY A NETWORK BANK.
LEY TELEGRAPH To TUE TRIBUNE

LAWYERS HAVE THEIR TURN-wILTsHIREs CHECKS
THROWN OUT BY NETWORK BANK.
IBY TELEGRAPH TO THE TRIBUSE.1
CHICAGO, June 1S.-C. j. Kersbaw g. Co. this
morning issued the following notice
Litigation of various kinds has interlered with
securing favorable settlement OF affairs that
seemed practic able Negotiations are still pending
with possibilities Of Success but If not contaminated
to-day meeting OF our creditors Is requested at
$3.50 Monday to receive statement OF our affairs as
close be obtained up to that time, and Tor them
TO take such action as they see tit"
This notice created comment whatever. IL had
no effect either OF any kind on the market, Wheat
was tri6e more buoyant than was expected. July
opened at 1928 cents and advanced little. The
demand for cash wheat larger than the charters
published in the morning papers indicated Armour
& Go. took tor 100 900 bushels late yesterday
at cents, and bid that much for more vesse ROOM
Armour & Co. also in receipt OF q message from
Minneapolis making bid on wheat which had been
shipped down here by Armour and which wac still on
the way III cables were not encouraging but these
lave held better than was expected. Hutchinson
large buyer of wheat to-day, the largest on the
floor As Hutchinson has been seller all through
the worst OF the depression his buying created good
deal of comment and helped to rally the spirit OF
traders. The weather throughout the West too,
extraordinarily dry and hot as to help prices
somewhat. Oats were helped more than anything
else and advanced from % l cents to 26l4 cents on
little buying by Bliss. Corn tor July rallied to sig
cents No failures announced. X. IL. Labagh
IL Co., O " hich failed practically several
days ago, posted, but the suspension was too
small to at all affect prices The firm of c. J. Ker-
shaw e. Go. importuned to sign down margins,
but refused 1t unfortunate for the trade, as
tied up a lot of money urgently needed by houses
closely pressed. July wheat closed at S2s4 cents
after a narrow tuctuaton.
1t looks as if the blunder of the whole deal was
that the clique's commission men took on too many
tailers" The collapse did not come from the clique
holdings probably, but from the friends who had
been given tips" One taller" an insurance man
named Merrill, who used to represent the Mutual Lie
Insurance Company here, had 100000 bushels OF
June wheat long through due of the clique houses
Lndbloom led the attack Eggeston, and ia said to
have caught $4,000 in the Clearing House yester
day. enough to satisfy his claim twice over.
The report was circulated the Board that the
four 100000 drafts deposited Wednesday by
Joe Wiltshire, of Cincinnati, in the American Elk
change. avn on the Chemical Bank of New-fork.
had not been paid by the latter. At the American
Exchange Bank the following statement was made:
aThis bank will come out of This transaction with
out loss. 1t Is true Wiltshire deposited such drafts
heai on tire NewYo Chemical Bank, but there are
not four of them. There are two, and each Is fer
100000"
" Have those drafts been thrown out
ave only state that with those drafts unpaid
our bank"
At 3 o'clock Deputy Sheriff Burke rushed into the
American Exchange National Bank and hurriedly
served Cashier Dewar with five garnishee notices on
whatever balance c. J. Kershaw Co. ard his special
partner Eggescn had in the bank. The gsrnishce
was In favor OF Arthur Orr w. +. Blair and three
others.
William T. Baker & Co. to-day secured attach
ment against c. j. Ke rshaw & Co. for $50, at 90.